Magnum Hunter Resources (MHR) Rating Suspended at Deutsche Bank
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October 12, 2015 6:59 AM EDT
RBC Capital downgraded Magnum Hunter (NYSE: MHR) from Outperform to Sector Perform with a price target of $1.00 (from $1.50).
For an analyst ratings summary and ratings history on Magnum Hunter click here. For more ratings news on Magnum Hunter click here.
Shares of Magnum Hunter closed at $0.59 yesterday.
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October 12, 2015 6:47 AM EDT
Magnum Hunter Resources (NYSE: MHR) announced that it has hired PJT Partners LP (NYSE: PJT) (the combination of Blackstone's advisory businesses and PJT Capital LP, a global financial advisory firm founded by Paul J. Taubman), as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company's Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company's current capital structure. As previously disclosed, the Company has actively worked to manage its balance sheet, including potential... More
